Summary - Flat 4, 113, Parliament Street DE22 3WJ
2 bed 1 bath Flat
Tenant-occupied modern two-bedroom flat close to Derby city centre — ideal buy-to-let with secure parking..
Tenant-occupied — immediate rental income potential
Compact 538 sq ft, two bedrooms, one bathroom
Open-plan kitchen/dining/living layout
Off-street parking behind electric gates
Communal gardens provide low-maintenance outdoor space
Leasehold ~108 years remaining; ground rent ~£450
Located in a high-crime, deprived area — affects demand
Constructed post-2007 with double glazing and gas heating
Set within a modern brick-built development just minutes from Derby city centre, this two-bedroom open-plan flat offers a straightforward buy-to-let or first-step purchase. The interior includes a combined kitchen/dining/living area, two well-sized bedrooms and a single bathroom, all within a compact 538 sq ft footprint. Double glazing, mains gas central heating and a post-2007 build standard reduce immediate maintenance concerns.
The property is currently tenant-occupied, making it an immediate income opportunity for investors; an internal viewing is recommended to assess the tenancy and rental yield. Externally there are communal gardens and off-street parking accessed via secure electric gates, a useful selling point in the city-centre setting.
Be candid about location: the area is classified as a deprived, high-crime neighbourhood and is popular with private renting new arrivals and students. These factors support rental demand but may put off some owner-occupiers and could influence returns and insurer or lender requirements.
Practical details to note: the flat is leasehold with around 108 years remaining and a ground rent of approximately £450 (average). Council tax is described as cheap; broadband and mobile signals are strong. Prospective buyers should verify service charges, current tenancy terms and confirm any management arrangements before committing.
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